Christopher Pissarides

Spain / Economics Nobel Laureates advise to address unemployment before reducing debt

El Economista writes that Economics Nobel laureates Eric Maskin, Finn Erling Kydland and Christopher Pissarides argue that Spain should abandon the focus on deficit reduction and concentrate instead on reducing unemployment. Maskin said the priority should be to put people back to work rather than obsessing over debt; Pissarides said that the necessary structural reforms … Continue reading →